What does operating margin mean?

Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

Urban Edge Properties UE Operating margin

Discontinued — last reported Q4 '18

Operating margin at other companies

Kimco RealtyKIM

36.9%+4.1pp

InvenTrust PropertiesIVT

22.5%+16.3pp

Acadia Realty TrustAKR

18%+3.3pp

Essential Properties Realty TrustEPRT

62.6%+0.5pp

NNN REITNNN

63.3%-2.6pp

Equity ResidentialEQR

40.4%+4.3pp

Other financials

Income statement

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Revenue$132.6M+12.2%

Net income$22.6M+176%

EPS (diluted)$0.18+157%

Balance sheet

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Cash & equivalents$50.0M+4.1%

Total debt$57.8M-5.3%

Total assets$3.4B+2.3%

Cash flow

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Operating cash flow$39.1M+20.1%

CapEx$40.5M+95.6%

Free cash flow-$1.4M-112%

Valuation

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Market cap$2.89B+5.4%

Enterprise value$2.9B+5.2%

P/E26.8×-8.3×

P/S5.9×-0.1×

Profitability

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Net margin22.2%+5.0pp

FCF margin14.1%+2.7pp

Returns & leverage

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Return on equity8.2%—

Debt / equity1.6×—

Where this comes from

Calculated from Urban Edge Properties’s reported figures.

operating income/total revenue=29.4%

Based on trailing twelve months.

The official record: Urban Edge Properties’s 10-K, filed February 16, 2022, on SEC EDGAR. View the filing →

Questions, answered.

What does operating margin mean?: Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.